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$MULTIPLEdaily-report

Daily Dilution Report - Nov 22, 2025

Filed: 11/22/2025
Published: 11/22/2025

Key Takeaways

  • Eos Energy Enterprises (EOSE) was the most active filer, announcing a $525.0 million convertible note alongside a separate $458.2 million stock offering.
  • Other significant deals included a $431.3 million convertible note from Plug Power (PLUG) and a $386.8 million stock offering by Amprius Technologies (AHR).

Dilution Events

$EOSE (Market Cap: $3.56B)

EOSE executed a 2-component financing totaling $983.2 million:

  • Public Offering: Raised $458.2 million via the sale of 35855647 million shares at a price of $12.78 per share. View SEC Filing →
  • Convertible Note: Raised $525M via 1.75% conv. notes due 2031, convertible @ $16.29. View SEC Filing →

↳ Total Capital Raised: ~$983.2 million.

$AHR (Market Cap: $8.55B)

AHR executed a 2-component financing totaling $523.4 million:

  • Public Offering: Raised $386.8 million via the sale of 8100000 million shares at a price of $47.75 per share. View SEC Filing →
  • ATM Program: Sold 659k shares for $32.5M via ATM; 2.15M shares remain under unsettled forward sales. View SEC Filing →

↳ Total Capital Raised: ~$523.4 million.

$PLUG (Market Cap: $2.76B)

  • Convertible Note: Raised $431.25M via 6.75% conv. notes due 2033, convertible @ $3.00. View SEC Filing →

$OGE (Market Cap: $8.92B)

  • Public Offering: Raised $334.7 million via the sale of 8023256 million shares at a price of $43.00 per share. View SEC Filing →

$IKT (Market Cap: $112M)

IKT executed a 2-component financing totaling $100.0 million:

  • Public Offering: Raised $100.0 million via the sale of 68965518 million shares at a price of $1.45 per share. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

↳ Total Capital Raised: ~$100.0 million.

$LODE (Market Cap: $173M)

$BCAB (Market Cap: $51M)

BCAB executed a 2-component financing totaling $22.5 million:

  • ATM Program: Entered $7.5M toxic pre-paid advance; shares issued at lower of $1.39 or 95% of VWAP (floor $0.23). View SEC Filing →
  • ATM Program: Entered $15M SEPA (equity line) with shares sold at 97% of market price. View SEC Filing →

↳ Total Capital Raised: ~$22.5 million.

$SLE (Market Cap: $9M)

  • PIPE: Closed $20.0 million PIPE of 20000000 million shares at $1.00 per share, with 148% warrant coverage. Special terms: Pre-funded warrants, Anti-dilution protection on warrants, Call option on warrants @ $3.00 stock price View SEC Filing →

$AMZE (Market Cap: $2M)

$TNGX (Market Cap: $1.35B)

  • PIPE: Closed $15.0 million PIPE of 1732101 million shares at $8.66 per share. View SEC Filing →

$JTAI (Market Cap: $6M)

JTAI executed a 2-component financing totaling $10.0 million:

  • ATM Program: Launched $10M ATM program, with initial takedown of up to $3.54M. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

↳ Total Capital Raised: ~$10.0 million.

$HUSA (Market Cap: $105M)

HUSA executed a 2-component financing totaling $8.0 million:

  • Public Offering: Raised $8.0 million via the sale of 2285715 million shares at a price of $3.50 per share. View SEC Filing →
  • Shelf Registration: Filed shelf registration for future capital raises. View SEC Filing →

↳ Total Capital Raised: ~$8.0 million.

$HCTI (Market Cap: $14M)

  • Convertible Note: Raised up to $15M via toxic conv. notes; initial $6M cash received for $7.5M principal. View SEC Filing →

$AUID (Market Cap: $18M)

AUID executed a 2-component financing totaling $3.6 million:

  • Public Offering: Raised $3.6 million via the sale of 2688747 million shares at a price of $1.35 per share. View SEC Filing →
  • Shares for Services: Issued 534370 million shares for services rendered. View SEC Filing →

↳ Total Capital Raised: ~$3.6 million.

$VRAR (Market Cap: $23M)

VRAR executed a 2-component financing totaling $3.5 million:

↳ Total Capital Raised: ~$3.5 million.

$NVVE (Market Cap: $9M)

  • Convertible Note: Raised $250k via toxic conv. note @ $0.1384 w/ accompanying wrts @ $0.1384. View SEC Filing →

$GNLN (Market Cap: $5M)

  • Resale Registration: Registering resale of 33.9M shares from prior PIPE, including 30.6M shares underlying wrts @ $0.01. View SEC Filing →

$ANY (Market Cap: $15M)

  • Warrant Exercise: Raised $4.1M via warrant inducement; issued 8.7M new wrts @ $0.94 for exercised wrts. View SEC Filing →

$SFL (Market Cap: $1.19B)

  • ATM Program: Offering 10M shares via Dividend Reinvestment Plan (DRIP) with optional cash purchases. View SEC Filing →

$NTRP (Market Cap: $31M)

$WRAP (Market Cap: $109M)

$RELI (Market Cap: $6M)